Nike Stock Price Forecast – NYSE:NKE Surges to $73.65 After $11.72B Revenue Beat, But $1.5B Tariff Hit Looms
Nike Stock Price Forecast – NYSE:NKE Earnings Show Recovery Signs, But $73 Stock Faces Tariff and China Hurdles
Revenue Growth Returns but Nike Still Trades at a Premium Price
Nike (NYSE:NKE) surprised the market with fiscal Q1 results, lifting its stock above $73.65 after a 5% rally. Revenue climbed 1% year over year to $11.72 billion, exceeding consensus expectations of $11.00 billion. The earnings per share print of $0.49 nearly doubled analyst forecasts of $0.27, reflecting tighter cost controls and improved operational leverage. Still, investors should note that the stock has shed nearly 30% in the past three years, raising questions about whether this bounce marks a durable turnaround or another short-lived rally.
